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Owners of Fox News and The Wall Street Journal embroiled in family feud, lawsuit pending


Rupert Murdoch, the 93-year-old media mogul, is embroiled in a family feud over the control of his global media empire. He wants to change the terms of his trust so that his eldest son, Lachlan, inherits the throne and maintains control of assets like Fox News and The Wall Street Journal. However, his other children – James, Elisabeth, and Prudence – are fighting back, arguing for equal voting shares.

The matter is set to go before a judge in Reno, Nevada, but details of the proceedings are sealed and confidential. The family dynamic is complex, with Lachlan Murdoch being more aligned with his father’s conservative views, while James, Elisabeth, and Prudence are believed to be more politically moderate.

The elder Murdoch wants to consolidate decision-making power in Lachlan’s hands to prevent potential changes in editorial policy and content that could result from lack of consensus among the siblings. If Lachlan gains control, Fox News’ conservative programming is likely to continue, influencing Republican politics.

The family feud and power struggle within the Murdoch family have captivated the public, inspiring TV shows and books. Rupert Murdoch’s ability to balance business interests with ideological goals, and his belief in Lachlan’s ability to do the same, are key factors in the battle for control of the media kingdom.

Overall, the outcome of this family feud will not only determine the future leadership of Murdoch’s media empire but also potentially impact the direction of conservative media and its influence on American politics.

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www.nbcnews.com

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